OpenGate Capital acquires aluminium extrusion business from Constellium

OpenGate Capital, LLC, a global private buyout firm, announced yesterday it has acquired Constellium Extrusions, a highly specialized manufacturer of extruded aluminum profiles with operations in Saint-Florentin and Ham, France. Constellium, is divesting the business as part of an on-going strategy to focus on their interests in aerospace, automotive, packaging and other specialty industries. The business has been renamed Aluminium France Extrusions.

Andrew Nikou, OpenGate Capital’s founder, Managing Partner and CEO stated, “Not only is this another great platform business where we can build new value, but it is also an opportunity to create synergies with another OpenGate Capital portfolio company, Profialis, as they are both highly specialized and complementary businesses serving the European building and construction industries.”

Aluminium France Extrusions covers the entire spectrum of manufacturing aluminium profiles from extrusion to downstream operations. In 2012 the business produced an estimated 25.8k tons of soft alloys for several end-markets including the building and construction, transportation, and industrial and infrastructure sectors.

OpenGate Capital’s European Partners Julien Lagrèze, Robert Lezec and Sebastien Kiekert Le Moult led the transaction and will continue to work closely with the company to strengthen its operational and financial performance.

OpenGate Capital acquired Profialis earlier this year from Tessenderlo Group. Profialis specializes in the production of PVC profiles for windows and doors, serving the European building and construction industries.